New York Times had a great story on an airline pilot whose income has been slashed by half due to a demotion. The article captures what the family is enduring on so many levels. Their story is not an exception. In fact, many American families find themselves economically devastated as a direct result of the [...]
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Interesting paper on how the recession experience can have lasting effects on individuals’ beliefs. Growing Up in a Recession: Beliefs and the Macroeconomy by Paola Giuliano and Antonio Spilimbergo Abstract Do generations growing up during recessions have different socio-economic beliefs than generations growing up in good times? We study the relationship between recessions and beliefs by matching macroeconomic shocks during early adulthood [...] |
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